The New York Giants are looking to sell up to 10 percent of the team, according other a report from Ben Fischer of Sports Business Journal. This move likely set a precedent for how much an NFL team’s real value is as the New York Giants have been and are one of the most valuable sports teams in the world.
Fisher adds to his report that the team is not selling a majority stake or will cede control of the franchise, which has been in the hands of current President John Mara and his family since his grandfather, Tim Mara, founded the team in 1925. Since 1991, the Mara and Tisch families have each owned 50% of the franchise, with a. larger roster of individual family members holding small stakes in the franchise.
If sold, albeit a minority stake, it’ll be a good measuring stick for the equity market for NFL teams. Back in December, the now-Super Bowl champion Philadelphia Eagles sold 8 percent of the franchise to two wealthy families in deals that valued the club at $8.1 million and $8.3 million. Experts told Sports Business Journal that they believe the Giants’ valuation will beat those numbers based on the size of the New York City market alone (roughly 19.5 million in NYC versus 6.2 million in Philadelphia).
The Giants (4-13) have been one of the worst teams in the NFL over the last decade but that has clearly not impacted the team’s value on the financial market.
